~ But those 30% of our losses will eat up our profits, don't you think? If you bet $100 seven times and win with 1.1x multiplier, your profit is $70, right? And what is your total loss from betting $100 three times and losing? So, even if you win 90% of your bets, 10% profit each, it's not worth it. You'll be $10 negative.
I understand what you mean and it seems I didn't actually consider this. If we win 5%, 10%, on the day of lose, we are losing 100% which will keep us on negative in overall.
Good to hear it. I'm glad you admitted your miscalculation. Unfortunately, not everyone understands that simple math and therefore we a lot of gamblers losing big money in the long run and wondering why.
Well, it is just safe to gamble with the amount of money that you are willing to lose and by so you will have peace of mind.
It is good for everyone to use the strategy that works for them because there are so many formulas to this.
True that. Before gambling everyone should estimate the amount they can afford to lose for the fun. If it's not worth it, don't even start. But if you ready to lose, say, $10 and you know you'll totally okay with that, you might also win big during your gambling session, who knows?